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SBA Senior Underwriter

SaviBank

SaviBank

Marketing & Communications
Mt Vernon, WA, USA
Posted on Monday, June 24, 2024

SBA Senior Underwriter

  • Mt Vernon, WA, USA
  • 67,138.50-100,707.74 per year Wage placement based on qualifications and direct experience for this position.
  • Salary
  • Full Time
  • Company paid medical, dental, vision, life, AD&D, LTD, 401(k) with match, Paid Time Off (PTO), and many voluntary additional benefits

We continue to grow! Come join a great team.

SaviBank has an excellent opportunity for you to use your experience in banking, finance, lending and customer service to become our next Underwriter in our SBA/USDA Department. We are looking for a experienced senior level credit analyst or underwriter with SBA knowledge. If you excel at attention to detail, processing and maintaining documents and files, and want to work for a company that cares about their employees and the community, read on!

Career range for this position is $67,138.50 - $100,707.74 annually based on direct experience and qualifications for this opportunity.

About SaviBank

We Offer Great Benefits!

  • Generous medical, dental and vision insurance, 100% paid for employee
  • Life and disability insurance
  • 401k + Company Match up to 4%
  • Flexible PTO & Illness Bank
  • 11 Paid Holidays
  • Other market competitive perks and benefits
  • The opportunity to work for a great team at a growing community bank!

Position Summary:

Under the direction of the SBA Department Manager, is responsible for analyzing financial data, evaluating collateral, structuring the loan, preparing credit authorizations, analyzing portfolio credit quality, and presenting credit requests to Loan Approval Committees. In coordination with the SBA Department Manager, this position will be responsible for managing client relationships and portfolio credit quality. This position is considered a lead and will provide other SBA Underwriters functional leadership, including training responsibility.

Essential Duties and Responsibilities:

  • Works with SBA/USDA Lender (BDO) to manage customer relationships and loan portfolios
  • Acts as support and backup to the other SBA team members - lender, processor, underwriter, portfolio and Servicing Manager, SBA Operations Manager, SBA Department Manager
  • Provides excellent customer service and support to the SBA BDO, SBA team members, the referring broker, and the borrower
  • Maintains an updated and thorough knowledge of the SBA/USDA Standard Operating Procedures as well as SBA/USDA loan underwriting techniques and eligibility requirements and must be able to communicate this knowledge to internal and external customers
  • Maintains a working knowledge of all SBA/USDA forms and statements along with how to complete the documentation as called for by the SBA, USDA, and any other government-guaranteed loan programs
  • Knowledge with CAFS, Etran, other platforms in connection with SBA
  • Spreads and/or analyzes financial statements of potential and existing customers utilizing the bank's accepted analytical credit criteria, assuring that SBA/USDA underwriting requirements are addressed
  • Reviews reports and verifications from the third party to ensure the collateral can be appropriately secured. Reports and verifications are but not limited to credit reports, flood zone determinations, UCC filings, title reports, tax verifications, and others as needed
  • Completes a credit authorization following established SBA/USDA and SaviBank guidelines for both underwriting and loan eligibility
  • Reviews for any potential issues during the loan approval process. Works with the lender and/or customers to address any issues identified
  • Obtains loan approval from the appropriate authority
  • Provides written Commitment Letters for approved loans
  • May participate in closing calls with customers and lenders
  • Work with the SBA Loan Processor(s) to process and follow up on SBA forms that require additional screening
  • Maintains an ongoing relationship with SBA personnel to include the SBA local district office along with the three SBA national offices, the USDA local, regional and national offices, and any other applicable government loan agency
  • Maintains knowledge of critical issues with SBA to avoid repair or denial of guarantee
  • Works with SBA Portfolio and Servicing Manager in monitoring customer accounts and loan portfolios to detect changes that might affect their credit standing
  • Assists with loan reviews as required
  • Assists with monitoring compliance with loan agreement covenants
  • Accompanies SBA Lender (BDO) on sales calls/customer calls, as needed
  • Acts as liaison between SBA and other departments, as required
  • Assists in the development and training of other SBA Underwriters
  • Must comply with applicable laws and regulations, including but not limited to the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control
  • Performs related duties as assigned

Competencies:

To perform the job successfully, an individual should demonstrate the following competencies to perform the essential functions of this position.

  • Analytical-the individual synthesizes complex or diverse information
  • Problem-solving-the individual identifies and resolves problems in a timely manner and gathers and analyzes information skillfully
  • Organizational skills - the individual demonstrates strong organizational skills for the management of a heavy workload with minimal errors and/or omissions
  • Communication-the individual speaks and writes clearly and persuasively in positive and negative situations, demonstrates group presentation skills, and participates in meetings
  • Relationship management - the individual demonstrates strong relationship management abilities
  • Leadership-the individual inspires and motivates others to perform well, accepts feedback from others
  • Quality management-the individual looks for ways to improve and promote quality and demonstrates accuracy and thoroughness
  • Judgment-the individual displays willingness to make decisions, exhibits sound and accurate judgment, and makes timely decisions
  • Planning/organizing-the individual prioritizes and plans work activities, uses time efficiently, and develops realistic action plans
  • Safety and security-the individual observes safety and security procedures and uses equipment and materials properly

Minimum Requirements:

  • Bachelor's degree in Accounting and Six (6) years of banking experience directly related to SBA/USDA credit analysis/underwriting; OR
  • Ten (10) years of banking experience directly related to commercial credit analysis; OR
  • A combination of education and experience which provides the equivalent
  • Strong computer skills with a knowledge of Microsoft Office Suite, particularly Word and Excel

AAP/EEO Statement

SaviBank provides equal employment opportunities to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law.